HSBC 2003 Annual Report Download - page 198

HSBC HOLDINGS PLC
Report of the Directors (continued)
196
Banque Dupuy de Parseval
shares of €20
Date of
award
Exercise
price(€)
Exercisable
from
Exercisable
until
Options at
1 January
2003
Options
exercised
during year
Options
lapsed
during year
Options at
31 December
2003
1 Jul 1998 33.31 1 Jul 2003 1 Oct 2003 5,000 5,000 ––
1 Jul 1999 34.76 1 Jul 2004 1 Oct 2004 5,000 –– 5,000
3 Apr 2000 36.36 3 Apr 2005 3 Jul 2005 5,000 –– 5,000
8 Jun 2000 39.48 8 Jun 2005 8 Sep 2005 5,000 –– 5,000
Crédit Commercial du Sud Ouest
shares of €15.25
Date of
award
Exercise
price(€)
Exercisable
from
Exercisable
until
Options at
1 January
2003
Options
exercised
during year
Options
lapsed
during year
Options at
31 December
2003
7 Nov 1997 85.68 7 Nov 2002 7 Nov 2003 5,625 5,625 – –
8 Jul 1998 90.25 8 Jul 2003 8 Jan 2004 7,500 7,500 – –
9 Sep 1999 95.89 9 Sep 2004 9 Mar 2005 7,500 – – 7,500
7 Jun 2000 102.29 7 Jun 2005 7 Dec 2005 7,500 – – 7,500
HSBC Private Bank France
shares of €2
Date of
award
Exercise
price(€)
Exercisable
from
Exercisable
until
Options at
1 January
2003 1
Options
exercised
during year
Options
lapsed
during year
Options at
31 December
2003
21 Dec 1999 10.84 21 Dec 2000 21 Dec 2009 272,250 – – 272,250
9 Mar 2000 12.44 27 Jun 2004 31 Dec 2010 149,460 – – 149,460
15 May 2001 20.80 15 May 2002 15 May 2011 259,650 1,125 – 258,525
7 Sep 2001 15.475 7 Sep 2005 7 Oct 2007 742,000 – 293,500 448,500
1 Oct 2002 22.22 2 Oct 2005 1 Oct 2012 229,950 – – 229,950
1Following the mergers of HSBC Bank France S.A., Banque Eurofin, Banque du Louvre and CCF Banque Privée Internationale on 1
October 2003 options held over shares of Banque Eurofin, Banque du Louvre and CCF Banque Privée Internationale were converted
into options over the shares of the merged entity, HSBC Private Bank France, at exchange ratios determined by reference to their
respective estimated market valuations at the time of the merger. The options outstanding at 1 January 2003 have been adjusted to
reflect the option exchange ratios. On exercise of these options HSBC Private Bank France shares will be exchanged for HSBC
Holdings ordinary shares in the ratio of 1.83 HSBC Holdings ordinary shares for each HSBC Private Bank France share. At 31
December 2003, The CCF Employee Benefit Trust 2001 held 1,900,000 HSBC Holdings ordinary shares which may be exchanged for
HSBC Private Bank France shares arising from the exercise of these options.
Netvalor
shares of €415
Date of
award
Exercise
price(€)
Exercisable
from
Exercisable
until
Options at
1 January
2003
Options
exercised
during year
Options
lapsed
during year
Options at
31 December
2003
22 Dec 1999 415 22 Dec 2004 22 Dec 2006 2,410 – – 2,410
19 Dec 2000 415 19 Dec 2005 19 Dec 2007 3,340 – – 3,340